Monetary policy with single instrument feedback rules
By: Bernardino Adão, Isabel Correia, Pedro Teles.
Contributors: Correia, Isabel.; Teles, Pedro.; Federal Reserve Bank of Chicago. Research Dept.
Series: Working paper series ;; WP-2004-30; Working paper series (Federal Reserve Bank of Chicago. Research Dept. : Online) ;; WP-2004-30.
Publisher: Federal Reserve Bank of Chicago
Published: 2004
Place of publication: [Chicago, Ill.]
Language: eng
Format: Electronic resource
Subjects: Monetary policy.; Interest rates.; Money supply.
Description: "We consider a standard cash in advance monetary model with flexible prices or prices set in advance and show that there are interest rate or money supply rules such that equilibria are unique.  The existence of these single instrument rules depends on whether the economy has an infinite horizon or an arbitrarily large but finite horizon"--Federal Reserve Bank of Chicago web site.
Notes: Includes bibliographical references.
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Mode of access: World Wide Web.